18. how would supply shift caused by lower costs of production affect price and quantity?
a....
Social Studies, 02.12.2019 08:31 slckrmbam2841
18. how would supply shift caused by lower costs of production affect price and quantity?
a. higher price, lower quantity
b. lower price, lower quantity
c. lower price, higher quantity
d. higher price, higher quantity
19. what does a relative price compare?
a. the price different sellers ask for the same good
b. the price that buyers pay to
c. the price that sellers ask the price of one good or service to another
d. the price that a seller wants to pay to the price that the seller actually pays
Answers: 3
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